The Bangko Sentral ng Pilipinas (BSP) announced Monday the launch of its Paleng-QR Ph Plus initiative in the province of Iloilo to promote the wider use of digital payments.
The program encourages the use of QR codes for transactions in public markets and on public utility vehicles as well as in other business establishments.
Iloilo Vice Governor Nathalie Debuque said the move was a significant step toward bringing digital financial services to households and businesses in the province.
“We recognize how crucial local legislation and policy support are in sustaining this transformation,” Debuque said.
“For that, we are ready to craft and adopt ordinances that will encourage the QR Ph adoption in the Province of Iloilo to protect the interests of both small entrepreneurs and consumers,” said Debuque.
The provincial government also issued an executive order to complement the launch, directing all municipalities to promote the use of QR Ph.
The BSP said 207 local government units nationwide have adopted the program as of Sept. 19.
Paleng-QR Ph Plus, a joint initiative of the BSP and the Department of the Interior and Local Government, is a priority program under the National Strategy for Financial Inclusion 2022-2028.
